413 68th St, Brooklyn, NY 11220
- $1,150,000
- 10
- BD
- 6
- BA
- 5,400
- SqFt
- List Price
- $1,150,000
- Price Change
- ▼ $110,000 1775260251
- Bedrooms
- 10
- Bathrooms
- 6
- Status
- ACTIVE
- Neighborhood
- Bay Ridge
- Region
- Brooklyn
- MLS#
- RLS11030435
Property Description
Bay Ridge All-Brick 6-family asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20' x 90' on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
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Additional Information
- Year Built
- 1915
- Pets Allowed
- Yes, Yes
- Structure Type
- Multi Family
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Listing courtesy of Keller Williams Realty Empire.
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